Bitcoin: A Primer for Policymakers

This plain language guide by Jerry Brito and Andrea Castillo describes how the digital currency works and addresses many of the common misconceptions about it. In this primer, the authors describe how the digital currency works and address many of the common misconceptions about it. They also analyze current laws and regulations that may already cover digital currencies and warn against preemptively placing regulatory restrictions on Bitcoin that could stifle the new technology before it has a chance to evolve.